Another UK Rate Cut in 2025 Is No Sure Thing
Inconclusive jobs data and a looming autumn bounce in inflation leave the Bank of England in a tight spot.
Andrew Bailey, governor of the Bank of England. A sticky wicket and no mistake.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
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As last week’s knife-edge Monetary Policy Committee (MPC) decision on UK interest rates should have made clear by now, the Bank of England is feeling somewhat divided as to where monetary policy should go next.